Crypto Opinions & News The Ethereum Merge Is Done, Opening a New Era for the Second-Biggest Blockchain

Disclaimer: Any information contained on this forum is provided as general market commentary, and does not constitute investment, financial, trading or other sort of advice.

Pixel_

Level 4
Thread author
Verified
Well-known
Jun 7, 2022
151
The massive overhaul of Ethereum known as the Merge has finally happened, moving the digital machinery at the core of the second-largest cryptocurrency to a vastly more energy-efficient system after years of development and delay.
It was no small feat swapping out one way of running a blockchain, known as proof-of-work, for another, called proof-of-stake. “The metaphor that I use is this idea of switching out an engine from a running car,” said Justin Drake, a researcher at the non-profit Ethereum Foundation who spoke to CoinDesk before the Merge happened. “I like to think of it as kind of like the switch from gasoline to electric.”
The payoff is potentially gigantic. Ethereum should now consume 99.9% or so less energy. From an energy costs perspective, it's like Finland suddenly shut off its power grid, according to one estimate.

 
  • Like
Reactions: upnorth

About us

  • MalwareTips is a community-driven platform providing the latest information and resources on malware and cyber threats. Our team of experienced professionals and passionate volunteers work to keep the internet safe and secure. We provide accurate, up-to-date information and strive to build a strong and supportive community dedicated to cybersecurity.

User Menu

Follow us

Follow us on Facebook or Twitter to know first about the latest cybersecurity incidents and malware threats.

Top